Rangers' creditors receive seven-figure bonus after HMRC cut
Liquidators BDO will distribute the funds after informing creditors of the latest update.
They said in a report, date 7 December: “The panel have recently agreed with our submission in its entirety and the element of HMRC’s claim pertaining to penalties has now been withdrawn in full.”
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The taxman previously claimed that oldco Rangers owed £94 million in unpaid tax, £74 million of which related to the Big Tax Case after years of payments to players and staff through Employee Benefit Trusts.
That has now been reduced to £68.3 million after BDO successfully argued the original figure was too high.
The previous company owed money to 270 individuals, businesses or groups.